Bristol Myers, bracing for key patent losses, deepens cost-cutting plan

The pharmaceutical company plans to cut $2 billion in annual expenses by the end of 2027 through “operational efficiencies across multiple areas of the business,” its CFO told analysts on a conference call. 

Feb 9, 2025 - 22:25
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Bristol Myers, bracing for key patent losses, deepens cost-cutting plan

The pharmaceutical company plans to cut $2 billion in annual expenses by the end of 2027 through “operational efficiencies across multiple areas of the business,” its CFO told analysts on a conference call.